A Review of the Economic Growth of Start-Up and Older Companies in India From 2011-2021

Abstract

Abstract: The government of India characterizes a startup as an element under seven years youthful with a yearly turnover of under 250 million rupees and settled in India. The Startup India driven by the country's Department of Industrial Policy and Promotion helps construct a positive, powerful biological system in the nation, transforming business thoughts into a reality for a prospering startup climate. States and associations domains the nation over presented startup arrangements following the public authority's drive. In the case of traditional and older companies in India, there is a sudden urge for these companies to adapt to the changing market environment to tackle this situation in a good manner. In this paper, we reviewed the various studies done on the economic growth of the Indian startups and older companies in India in the last decade. From this, it was clear that there is a sudden emergence of individual entrepreneurship among the youngsters of India. This indicates that the startup culture in India is booming in this period which can play a vital role in the emerging Indian economy and also in the global markets. Keywords: Economic growth, Startups, older companies. 2011-2021